It also heralded RateSetter’s provision fund and risk management processes.

“The ‘favourable’ rating highlights the progress we have made in providing investors with a simple, safe way to access consumer and business credit,” said Daniel Foggo, chief executive of RateSetter Australia.

“We are committed to making this attractive asset class available to more investors, delivering them stable and risk-adjusted returns, and look forward to further increasing our investment-grade ratings as we do so.”